Guo Jin Securities: The third round of A-share reevaluation is gradually approaching, and it is recommended to focus on three types of assets.

Guojin Securities research report stated that the A-share market experienced a slight adjustment in early September, which may have been a short-term expression of capital at that time. However, the third round of revaluation of A-shares, led by fundamentals, is gradually approaching. In response to this, Guojin Securities has three suggestions and three directions: First, for investors who are already in the market, there is no need to rush to exit, as the current market rally is supported by global liquidity, domestic long-term valuation adjustment, and short-term catalysts. Regulatory protection and ample domestic and foreign funds provide solid support for the market. Second, for investors who have not entered the market yet, it is recommended to be patient and wait for a better entry point. Although the market has started to recover, future improvements will rely more on continuous improvement in economic fundamentals, which will take time to complete. Finally, in the face of a possible market decline, there is no need to panic, as systemic risks are gradually being resolved, the market bottom is rising, and long-term funds are entering the market. In terms of specific investment directions, it is recommended to focus on three types of assets: 1) high dividend assets, physical assets, and gold to hedge against uncertainties brought by global stagflation; 2) the technology sector to capture hope for breakthroughs in economic stagnation; 3) unique structural opportunities in China's transformation, especially high-quality companies with unique competitiveness in areas such as going global, industrial upgrading, and sinking consumer markets.